Commercial Real Estate Market in Mt Lebanon, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,135 active listings and 18,199 off-market properties in Mt Lebanon, PA. Commercial property asks $72/SF to buy and $24.80/SF/Yr to lease.
Market Trends
Mt Lebanon, PA spans 3.2 square miles in Allegheny County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Mt Lebanon, PA asks $22.10/SF/Yr to lease. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Mt Lebanon, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Mt Lebanon, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Mt Lebanon, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Mt Lebanon, PA has 18,110 residents in 7,776 households. Density runs 5,685 people per square mile. Median household income here is $131,087 and median gross rent $1,130 a month.
18,110
Population
7,776
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
5,685
Density / Sq Mi
$131,087
Median Household Income
$70,899
Median Earnings
$1,130
Median Rent
$363,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bethel Park | — | — |
| Bridgeville | — | — |
Commercial property in Mt Lebanon, PA asks $72/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mt Lebanon?
Commercial property in Mt Lebanon, PA asks an average of $72 per square foot. The 5 most recent recorded sales traded at a median of $194/SF.
How much does it cost to lease commercial space in Mt Lebanon?
Asking lease rates in Mt Lebanon, PA average $24.80 per square foot per year. Office asks $22.10/SF/Yr as of Q2 26, down from $30.16/SF/Yr in Q1 26.
Where does Realmo's Mt Lebanon market data come from?
Realmo compiles Mt Lebanon, PA figures from 5 recent recorded sales, 620 active sale listings, 515 active lease listings, 18,199 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 620 active for-sale and 515 active for-lease listings in Mt Lebanon, PA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
